May 3, 2011 -- Professor Eric Zolt commented on President Obama's push to raise income taxes on U.S. families making more than $250,000 a year. His comments appear in a Wall Street Journal article.
Tax systems in emerging economies tend to be less progressive than either the U.S. or other developed countries, according to experts. They extract less in taxes as a percentage of GDP, and the role played by individual income taxes is "remarkably small," said Eric Zolt, a tax law professor at UCLA.
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